Under the Labour government, North Sea operations face a barrage of measures that critics argue are deliberately stifling investment and production. A 78% tax rate on offshore profits, including a prolonged windfall tax introduced in 2022, has shattered investor confidence and led to slashed capital expenditures. Operators have cut UK investments, with production projected to […]
Continue ReadingCalifornia lawmakers just passed legislation to support the oil and gas industry in an attempt to lower costs for consumers. Below, a business professor says the package is overdue but also a piecemeal approach for such a critical problem. The opposing view: an environmental scholar argues that making it easier to drill oil won’t lower gas […]
Continue ReadingThe Michigan Supreme Court has agreed to hear a case regarding the Line 5 pipeline tunnel permit, challenged by Tribal Nations and environmental groups. The legal challenge centers on whether the state’s Public Service Commission properly approved the tunnel, considering treaty rights and alternative solutions. This case is one of two major legal battles for […]
Continue ReadingThe U.S. oil and gas drilling sector showed continued signs of modest recovery this week, with the total active rig count climbing to its highest level since July. According to the latest data from Baker Hughes, released on September 19, 2025, the total number of active drilling rigs in the United States rose by 3 […]
Continue ReadingThis was an emotional podcast to film as we filmed the day after Charlie Kirk’s assassination. Steve was Charlie’s friend, and he had helped him out tremendously. In this episode of Energy Newsbeat – Conversations in Energy, Stu Turley is joined by George Harmer (Californians for Energy Science) and special guest Steve Hilton, who shares […]
Continue ReadingIn a move that could reshape the geopolitical landscape of the Middle East and South Asia, Saudi Arabia and Pakistan have formalized a mutual defence agreement, binding the two nations in a pact that treats an attack on one as an attack on both. Signed on September 17, 2025, in Riyadh, this \”comprehensive defensive agreement\” […]
Continue ReadingRussia\’s oil and gas sector, a cornerstone of its economy and a key funding source for the ongoing conflict in Ukraine, is facing a sharp downturn this month. According to estimates, revenues from these exports are projected to plummet by 23% year-on-year to approximately $7.11 billion (592 billion rubles) in September 2025. This decline, driven […]
Continue ReadingChina, the world\’s largest importer of crude oil, has been on a buying spree in 2025, amassing stockpiles that are raising eyebrows across global energy markets. With crude prices hovering at levels reminiscent of two decades ago when adjusted for inflation, Beijing appears to be capitalizing on bargain-basement deals to bolster its strategic reserves. But […]
Continue ReadingRussia\’s oil export machine, a cornerstone of its economy amid ongoing sanctions and geopolitical tensions, is showing signs of strain. Weekly crude exports plummeted to an average of 3.18 million barrels per day (bpd) in the seven days ending September 14, 2025—the sharpest weekly drop since July 2024, down by a staggering 934,000 bpd from […]
Continue ReadingPlains All American Pipeline is grappling with a crude quality scare on its Permian-to-Corpus Christi system, raising questions for both refiners and exporters at the Gulf Coast’s busiest hub. A notice seen by Reuters and dated September 11 warned shippers that crude exceeding 75 parts per million of mercaptans — sulfur compounds that can damage […]
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